20.07.2021 / LCV sales significantly grew both in quantitative and money terms

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In January-May 2021, the new LCV¹ market revenue amounted to 97 billion rubles, which was a 62.6% rise on January-May 2020 primarily due to a 43.4% growth in new LCV sales.

New LCV weighted average prices and market revenue,
January-May 2021/2020

Indicator	2020 (January-May)	2021 (January-May)	Growth/Loss
Weighted average price, rubles	1 614 107	1 829 688	13.4%
Market revenue, million rubles	59 759	97 155	62.6%

Source: Russian Automotive Market Research

In January-May 2021, used LCV sales increased by 24.4%. The weighted average price for used LCV grew by 11.4%. In this regard, the used LCV market revenue was up by 38.6% and amounted to 122 billion rubles.

Used LCV weighted average prices and market revenue,
January-May 2021/2020

Indicator	2020 (January-May)	2021 (January-May)	Growth/Loss
Weighted average price, rubles	627 084	698 528	11.4%
Market revenue, million rubles	87 992	121 941	38.6%

Source: Russian Automotive Market Research

New LCV market

The largest new LCV market revenue for the reporting period was shown by Moscow – 15.2 billion rubles. The TOP-3 regions also included the Moscow region and Saint Petersburg, in which 10.2 billion rubles and 6.2 billion rubles were spent on the new LCV, respectively.

New LCV weighted average prices and market revenue,
TOP-15 regions, January-May 2021

Region	Weighted average price, rubles	Dynamics, 2021/2020, %	Market revenue, million rubles	Dynamics, 2021/2020, %
Moscow	2 102 961	9.0%	15 183	59.5%
Moscow region	2 010 018	12.9%	10 180	88.6%
Saint Petersburg	1 976 594	11.5%	6 204	71.8%
Tatarstan Republic	1 944 513	35.7%	4 649	170.9%
Krasnodar region	1 993 186	9.4%	3 617	60.3%
Nizhny Novgorod region	1 769 699	13.7%	2 668	76.1%
Sverdlovsk region	1 696 638	9.1%	2 444	49.6%
Rostov-on-Don region	1 892 157	13.6%	2 198	57.5%
Bashkortostan Republic	1 638 414	10.1%	1 952	53.5%
Samara region	1 703 635	20.2%	1 816	57.2%
Khanty-Mansi AR	1 793 710	15.2%	1 750	30.8%
Chelyabinsk region	1 701 078	12.1%	1 706	38.7%
Krasnoyarsk region	1 684 660	5.7%	1 679	46.6%
Voronezh region	1 728 888	10.1%	1 581	82.5%
Saratov region	1 691 125	14.3%	1 408	102.6%

Source: Russian Automotive Market Research

GAZ traditionally became the leader by financial results. In January-May 2021, this brand sold new LCV on 35.5 billion rubles. It was followed by FORD, vehicle sales of which in money terms amounted to 17.8 billion rubles. VOLKSWAGEN also entered the TOP-3 with a financial result of 8.8 billion rubles.

It should be noted that reduction in the weighted average price for PEUGEOT light commercial vehicles was caused by the change in its sales structure: increase in the shares of the cheapest models against the background of the decrease in the shares of the most expensive ones.

The reduction in financial results of MITSUBISHI, ISUZU and HYUNDAI was caused by the decrease in their sales by 16.3%, 22.6% and 66.7%, respectively.

New LCV weighted average prices and market revenue,
TOP-15 brands, January-May 2021

Brand	Weighted average price, rubles	Dynamics, 2021/2020, %	Market revenue, million rubles	Dynamics, 2021/2020, %
GAZ	1 640 177	12.0%	35 493	53.4%
FORD	2 499 753	13.3%	17 768	91.0%
VOLKSWAGEN	3 585 881	21.2%	8 828	37.4%
UAZ	1 002 793	17.7%	8 039	52.8%
TOYOTA	3 517 309	27.6%	4 055	37.5%
LADA	901 250	18.3%	4 893	110.2%
MERCEDES-BENZ	3 715 984	12.0%	2 708	17.3%
MITSUBISHI	2 815 896	18.9%	2 162	-0.5%
PEUGEOT	2 099 283	-1.5%	3 371	224.7%
CITROEN	2 291 356	8.3%	1 924	113.0%
ISUZU	3 232 172	26.6%	830	-2.0%
FIAT	2 483 241	18.9%	1 249	55.8%
VIS	893 140	12.1%	859	111.5%
HYUNDAI	2 722 390	22.7%	163	-59.1%
IVECO	3 445 551	11.1%	1 016	185.0%

Source: Russian Automotive Market Research

Used LCV market

Moscow became the leader among Russian regions by used LCV market revenue: following results of five months of 2021, used LCV on 10.8 billion rubles were sold in the capital. The market revenue of the Moscow and the Krasnoyarsk regions, which also entered the TOP-3, amounted to 10.3 billion rubles and 7.3 billion rubles, respectively.

Used LCV weighted average prices and market revenue,
TOP-15 regions, January-May 2021

Region	Weighted average price, rubles	Dynamics, 2021/2020, %	Market revenue, million rubles	Dynamics, 2021/2020, %
Moscow	786803	8.5%	10 828	53.9%
Moscow region	749531	8.1%	10 335	44.8%
Krasnoyarsk region	745013	12.2%	7 316	64.8%
Krasnodar region	703879	9.5%	6 912	60.9%
Saint Petersburg	804161	10.2%	6 343	31.3%
Primorsky region	968301	9.1%	3 846	36.5%
Irkutsk region	807012	10.0%	3 215	37.4%
Rostov-on-Don region	641718	10.4%	3 069	49.7%
Sverdlovsk region	640138	12.3%	2 967	36.8%
Nizhny Novgorod region	587753	14.9%	2 328	38.4%
Bashkortostan Republic	608158	14.6%	2 255	32.4%
Novosibirsk region	685989	16.1%	2 184	39.7%
Chelyabinsk region	604090	10.6%	2 171	23.9%
Tatarstan Republic	600542	12.3%	2 094	29.3%
Stavropol region	633538	14.1%	2 048	31.5%

Source: Russian Automotive Market Research

Following results of five months of 2021, the best financial result belonged to GAZ. 35.6 billion rubles were spent on the used LCV of this brand. It was followed by VOLKSWAGEN and TOYOTA. For the reporting period, sales of used VOLKSWAGEN and TOYOTA light commercial vehicles in money terms amounted to 14.1 billion rubles and 10.5 billion rubles, respectively.

Used LCV weighted average prices and market revenue,
TOP-15 brands, January-May 2021

Brand	Weighted average price, rubles	Dynamics, 2021/2020, %	Market revenue, million rubles	Dynamics, 2021/2020, %
GAZ	532 166	14.6%	35 624	45.3%
VOLKSWAGEN	1 100 140	12.5%	14 100	40.9%
TOYOTA	1 268 259	14.1%	10 545	45.1%
FORD	837 802	0.4%	9 788	40.9%
MERCEDES-BENZ	1 305 082	8.1%	9 243	26.0%
UAZ	395 848	18.7%	6 811	25.6%
NISSAN	795 134	9.8%	4 350	39.7%
FIAT	827 352	3.0%	4 041	29.5%
PEUGEOT	627 508	2.4%	3 106	32.0%
MITSUBISHI	996 855	11.1%	3 017	26.7%
ISUZU	1 234 731	5.1%	2 389	27.0%
LADA	471 011	4.6%	2 281	33.7%
HYUNDAI	659 176	3.0%	2 270	35.4%
CITROEN	620 326	18.9%	2 117	58.3%
MITSUBISHI FUSO	1 265 324	5.1%	2 052	28.8%